Interactive Brokers Group (NASDAQ:IBKR) PT Raised to $138.00

Interactive Brokers Group (NASDAQ:IBKR) had its target price upped by investment analysts at Jefferies Financial Group from $133.00 to $138.00 in a research report issued on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the financial services provider’s stock. Jefferies Financial Group’s price target would suggest a potential upside of 24.77% from the company’s current price.

Several other equities research analysts have also recently issued reports on the company. UBS Group cut their price target on Interactive Brokers Group from $108.00 to $104.00 and set a “buy” rating for the company in a research note on Tuesday, January 9th. Citigroup boosted their price target on Interactive Brokers Group from $105.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. Bank of America boosted their price target on Interactive Brokers Group from $147.00 to $152.00 and gave the company a “buy” rating in a research note on Wednesday. Piper Sandler boosted their price target on Interactive Brokers Group from $105.00 to $125.00 and gave the company an “overweight” rating in a research note on Friday, April 12th. Finally, Barclays boosted their price target on Interactive Brokers Group from $132.00 to $136.00 and gave the company an “overweight” rating in a research note on Wednesday. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Interactive Brokers Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $124.00.

Interactive Brokers Group Stock Performance

Interactive Brokers Group stock opened at $110.60 on Wednesday. Interactive Brokers Group has a 52 week low of $70.83 and a 52 week high of $116.92. The stock has a market capitalization of $46.57 billion, a P/E ratio of 18.91, a PEG ratio of 1.22 and a beta of 0.83. The stock has a 50-day simple moving average of $108.49 and a 200 day simple moving average of $92.68.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.01). Interactive Brokers Group had a return on equity of 4.84% and a net margin of 7.62%. The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the prior year, the firm earned $1.30 EPS. The company’s revenue was up 16.7% on a year-over-year basis. Research analysts forecast that Interactive Brokers Group will post 6.36 earnings per share for the current year.

Insider Buying and Selling

In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 5,000 shares of the stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $104.86, for a total value of $524,300.00. Following the completion of the sale, the insider now owns 113,770 shares in the company, valued at approximately $11,929,922.20. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, Vice Chairman Earl H. Nemser sold 74,218 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $96.29, for a total transaction of $7,146,451.22. Following the completion of the sale, the insider now owns 234,552 shares in the company, valued at approximately $22,585,012.08. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Vice Chairman Earl H. Nemser sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $104.86, for a total transaction of $524,300.00. Following the sale, the insider now owns 113,770 shares of the company’s stock, valued at approximately $11,929,922.20. The disclosure for this sale can be found here. Insiders have sold 428,883 shares of company stock worth $40,395,135 in the last quarter. Insiders own 3.21% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of IBKR. Contravisory Investment Management Inc. bought a new position in Interactive Brokers Group in the 4th quarter valued at $25,000. Rise Advisors LLC bought a new position in Interactive Brokers Group in the 1st quarter valued at $30,000. Eagle Bay Advisors LLC bought a new position in Interactive Brokers Group in the 2nd quarter valued at $31,000. Rakuten Securities Inc. bought a new position in Interactive Brokers Group in the 4th quarter valued at $34,000. Finally, Headlands Technologies LLC bought a new position in Interactive Brokers Group in the 3rd quarter valued at $40,000. 23.80% of the stock is owned by institutional investors.

Interactive Brokers Group Company Profile

Interactive Brokers Group, Inc operates as an automated electronic broker worldwide. The company engages in the execution, clearance, and settlement of trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange traded funds (ETFs), precious metals, and cryptocurrencies.